Trinidadian Conglomerate says additional investments to come
After pumping in excess of $4 million into the economy through the development of The Dome Mall, plus more in the expansion and rebranding of its other operations over the past two years, a top official of Massy (Barbados) Limited says the investment is far from over.
Country manager Frere Delmas said the Trinidadian conglomerate would continue to expand and upgrade its operations in Barbados, which should provide a number of spin-off benefits for individuals and businesses.
He was speaking during the official opening of The Dome Mall in Warrens today.
“Our investment in Barbados and at this location is far from complete. We still have plans to transform what was known as the Collision Centre to the south of [The Dome Mall]. In fact, we currently have a number of options before us including the extension to for another 11 possible spaces, but we have to carefully consider all options to determine the best fit for the area,” he said.
Outlining the expansion carried out by the group over the last 18 months, including the opening of its supermarket in Sky Mall, Haggatt Hall and a number of insurance outlets, Delmas said Massy has created additional income for several service providers.
“We will continue to invest. We plan to completely remodel our Sunset Crest location and build out the land at Kendall Hill for the creation of our second super store. We are committed to offering a contribution to the society and the economy in terms of social investment and economic stimulation, committed to offering excellent customer service, committed to facilitating employment through new business opportunities,” he said.
The Massy Group currently employs about 2,500 people in Barbados across a range of businesses and has approximately 1,500 registered Barbadian shareholders.
The Dome Mall currently has 29 businesses providing jobs for about 120 people.
Minister of Industry, Commerce and Small Business Development Donville Inniss welcomed the group’s investment in the country, saying it came at an opportune time. He told the gathering that “the evidence is there that the Barbados economy is beginning to pick up again”, although he said he would leave the details of that to the Minister of Finance and the Governor of the Central Bank to disclose.